The development will include 150,000 sf of retail space and50,000 sf of office space in stand-alone buildings and space abovethe retail space. Prospective tenants include Publix, Walgreens,Starbucks, Wachovia, Bank of America, Hair Cuttery, TicklepotsChildren's Boutique, Rosano's Italian Restaurant, Carvel Ice Cream,Panera Bread and Dermatology Center of Boynton Beach. It isexpected to be completed in 2008.

GL Commercial president Jeff Mooallem tells GlobeSt.com thatPublix has signed a lease for 55,000 sf and letters of intent havebeen signed for the other prospective tenants. Commitments are inplace for about 50% of the space. Marketing efforts for the officespace have not yet started, but GL anticipates a mix ofneighborhood-oriented businesses and lifestyle tenants.

Designed as a Main Street-style shopping plaza, the developmentwill look like a micro-village with a one-acre town green, openplazas, sidewalk cafes, and covered walkways. Future development ofan adjacent 85 acres is scheduled to include a park, sports fields,and an elementary and middle school. Mooallem says the site is oneof only two commercial sites approved in Palm Beach County'sAgricultural Reserve, a residential area spanning 32 square milesin unincorporated Palm Beach County.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.